Negotiable instrument.



P. T. GRIGHTON. NEGOTIABLB INSTRUMENT.

APPLICATION FILED JUNE 24, 1913.

Patented Mar. 3, 1914,

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rares FREE T. CRICHTGN, OF PHILADELPHIA, PENNSYLVANA, ASfSGNE 0FONE-FQUH'TH.

'EO HENRY ENEU JOHNSON, OF YEADON, PENNSYLVANEA.

NEGO'JCIABLE INSTRUMENT.

Application filed June 24.', 1913.

To all whom it may concern Be it known that l, lnnn TAYLOR CHICH- ToN, acitizen of the United States, residing at Philadelphia, in the county ofPhiladelphia and State'ot Pennsylvania, have invented a certain new anduseful Negotiable instrument, ot `which the following is aspecification;

rlhis invention has for its principal object the providing of anegotiable instrument in the form of a combined envelop and bill ofexchange, the envelop being designed to contain a policy of insurance,certicate of stock bonds and like documents, the bill ot eX- changebeing separably attached to the envelop, where y, for instance, aninsurance company transacting business with an outof--town broker, maysend through a bank for collection such instrument, thereby insuringprompt payment ot the policy premium and whereby when payment has beenmade by the proper parties, the bill ot exchange may be detached fortiling purposes and the envelop containing the policy ot the insurancetiled in some appropriate place.

@ther and further objects et the present invention reside in theproviding ot a negotiable instrument ot the class described possessed otcertain new and novel combinations oit parts and in the providing otcertain dctails ot construction and arrangement ot parts as willhereinafter appear.

The nature, characteristic features and scope ci the invention will bemore fully understood trom the following descriptiontalren in connectionwith the accompanying drawings forming part hereoandin which:

Figure l, is a tace view ot `the bill ot eX- change side of thenegotiable instrument embodying the invention, Fig. 2, is a similarview' with the bill of exchange detached, the envelop being partiallybroken away, Fig. 3, is a similar view drawn to a reduced scale andillustrating the bill ot exchange folded baclt Jtrom the envelop, andFig. Ll, is a face View of the envelop side of the negotiableinstrument.

'lhe negotiable instrument ot the present invention, is adapted to beused by business men transacting business at a distance, whereinproperty or valuable papers are being transferred tor consideration. Thenegotiable' instrument is so designed, that deeds, assignments, options,certificates and, like documents, may be sent through a bankSpecification of Letters Patent.

ybill of exchange l5,

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to collect the consideration. lllhile, obvi ously, the instrument of thepresent invention may be used in connection with varied businessAinterests, mention may be made ot' the insurance business, as anillustration. Let itbe assumed that: the insurance company is forwardingto an outoftown broker apolicy of insurance upon which a premium is dueupon delivery ot the policy. The company forwards th rough a bank thepolicy of insurance sealed within the combined envelop and bill ofexchange, as shown in Fig; l, ot the drawings. ,lhe banlr removes the noprotest notice :toi-ming part oli thel bill of exchange, inspects thepolicy ot' insurance and presents the instrument as a whole tor payment.Paymentbeing made, the bank forwards same to the insurance com any,thereby insuring the company of a sa e, reliable and prompt method ofreceiving its premium. rlhe policy holder detaches the bill ot exchangefor tiling purposes and the envelop containing the policy lof insurance,may be readily tiled as is customary in such matters.

Taking up now the speciiicconstruction of the instrument. as shown inthe drawings, 1G designates an elongated envelop designed to contain apolicy ot insurance ll, or other suitable document. The envelop l0, isprovided at one of its shorter ends with a closure liap l2, andimmediately adjacent the closure flap the inner tace oi the envelop isslit as at l, tor a purpose which will presently appear. envelop l0, theinner tace thereof is provided with an adhesive i4, the purpose of whichwill also presently appear. Shown as being a continuation oll theclosure iiap 12, is a including its complemental no protest strip 16,which is shown at the `tree end of the bill ol exchange. This no proteststrip ld, is separably connected to the bill of exchange by a line ofperorations l?, rlhe underside ot the strip lli, is provided preterablyat the corners thereof with seals 18, ot adhesive material. l"Ihe billof ctchange l5, is separably attached to the closure flap 12, by means`of a line of pertorations I19, so designed that when the bill oit''exchange is detached from the envelop proper a tab 9.0, is present adavated for inser tion through the slit l, of t `e envelop 10, fortemporarily closing the open end 2l, ot the envelop l0. Its clearlyshown in Figs. l

it the opposite end of the liti lid

and 3, the bill of exchange is of substantially the same dimensions, asthe envelop l0, so that saidbillof exchange completely covers the innerface ot the envelop 10; Should it happen that the bill of exchange isfor any reason not accepted, the adhesive seal 14, may be moistened andthe bill of eX- change temporarily secured to place and the instrumentasa Whole returned to the original sender.

By the above described arrangement and construction of parts, a neat,simple, practical and thoroughly etiicient method of the delivery ofdocuments and the payment of the consideration passing, effectedpromptly and Without possible loss to the sender. The combined envelopand bill of exchange present a neat appearance, have no bulky parts andthe instrument as a Whole is therefore fiat and may be readilytransmitted.

What I claim is: In a negotiable instrument, an envelop for containingdocuments or instruments in Writing, said envelop having a tab insertionI slit in its back, and having secured adjacent its open end, a combinedbill of exchange, closure Hap and no-protest strip, Which combined partsare of a size sul'hcient to cover the envelop back, the bill of exchangebeing separably attached at one end to the closure flap by a lineofperforations, designed to vform a tab for the closure Hap for copera lFRED T. CRICHTON.

Witnesses:

WILLIAM J. JACKSON, HELEN M. BYRNE.

